Europe at the moment has some risky volatility.  Options trading in the Euro Zone in Euros does not need to use a Forex account. Below shows the use of EFTs (Exchange Traded Funds) as a vehicle.

Euro Options: Now on Sale!

"Though traders have a slew of European country exchange traded funds (ETFs) at their disposal, many have used the euro currency as the trading vehicle of choice for expressing bets on the endgame of this ongoing drama. And don't think that you have to …Investorplace.com"
http://www.investorplace.com/2012/07/euro-options-now-on-sale/

The vechicle described above can be used for many other currencies. As usual, do some research or tke quaified advice first before diving in.